Good morning. There’s been a recurring theme to some of the AI conversations I’ve had this week: using the technology to find things in sprawling corporations. For all that agentic AI promises for the future, several executives told me that the real value right now is in locating assets—documents, devices, intellectual property, et cetera—within companies. …
(Bloomberg) — Nike Inc. shares fell after the company warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world’s largest sportswear company expects revenue to be down in the low-single digits in the three months that started Dec. 1, a surprising turn after two straight periods…
Nike is running out of time to prove its China playbook works. The U.S. sportswear giant’s sixth straight quarterly sales decline in the country – including a 20% drop in footwear – underscores how a market once seen as a growth engine has become its biggest pressure point. CEO Elliott Hill admitted on Thursday’s post-earnings…
If the early read on Nike Inc.’s Win Now turnaround plan is any indication of future success, then the sportswear and sneaker brand racked up multiple wins in the first quarter — and Wall Street took notice of both the good and the bad. “This quarter, our Win Now actions drove momentum in the areas…
Leg warmers originated as a purely functional garment in the world of dance; it was common to see them on your favorite ballerinas as they made their way to rehearsals. It was a means to keep leg muscles warm and prevent injury; they were made from wool or other knits and were never intended as…
The ongoing exile of distance runner Wong Wan-chun from the Hong Kong athletics team began after decisions he made about sponsorship and World University Games accommodation. His relations with the Hong Kong, China Association of Athletics Affiliates (HKAAA) soured to the extent that communication broke down in the lead-up to last year’s Olympics in Paris,…
WASHINGTON (AP) — President Donald Trump’s tariff onslaught this week left a lot of losers – from small, poor countries like Laos and Algeria to wealthy U.S. trading partners like Canada and Switzerland. They’re now facing especially hefty taxes – tariffs – on the products they export to the United States starting Aug. 7. The…
Global shares were largely unchanged on Wednesday after unexpectedly weak US labour market data and a rout in British markets as speculation grew about UK chancellor Rachel Reeves’ political future. Dublin The Iseq index moved 0.2 per cent higher, led by Ryanair and the main Irish banks. The airline jumped 0.7 per cent to €23.99…
Nike’s shares jumped at the opening bell Friday after the company said it’s shifting some production away from China. But it also warned that tariffs imposed by the Trump administration will cost it about $1 billion before it makes internal changes, which include “surgical” price increases in the U.S. starting this fall. Nike is not…
NEW YORK (AP) — With his calm and cool demeanor, fashion disruptor and multi-hyphenate Virgil Abloh artfully challenged the fashion industry’s traditions to leave his mark as a Black creative, despite his short-lived career. In the years since his 2021 death at just 41, his vision and image still linger. Pulitzer Prize-winning writer Robin Givhan…